Calix Management

Management criteria checks 3/4

Calix's CEO is Michael Weening, appointed in Jan 2021, has a tenure of 3.33 years. total yearly compensation is $7.16M, comprised of 7.8% salary and 92.2% bonuses, including company stock and options. directly owns 0.024% of the company’s shares, worth €424.61K. The average tenure of the management team and the board of directors is 2.9 years and 6.8 years respectively.

Key information

Michael Weening

Chief executive officer

US$7.2m

Total compensation

CEO salary percentage	7.8%
CEO tenure	3.3yrs
CEO ownership	0.02%
Management average tenure	2.9yrs
Board average tenure	6.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Michael Weening's remuneration changed compared to Calix's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 30 2024	n/a	n/a	US$20m
Dec 31 2023	US$7m	US$560k	US$29m
Sep 30 2023	n/a	n/a	US$48m
Jul 01 2023	n/a	n/a	US$44m
Apr 01 2023	n/a	n/a	US$42m
Dec 31 2022	US$22m	US$515k	US$41m
Oct 01 2022	n/a	n/a	US$49m
Jul 02 2022	n/a	n/a	US$213m
Apr 02 2022	n/a	n/a	US$226m
Dec 31 2021	US$8m	US$483k	US$238m
Oct 02 2021	n/a	n/a	US$243m
Jul 03 2021	n/a	n/a	US$86m
Apr 03 2021	n/a	n/a	US$61m
Dec 31 2020	US$6m	US$352k	US$33m
Sep 26 2020	n/a	n/a	US$10m
Jun 27 2020	n/a	n/a	-US$14m
Mar 28 2020	n/a	n/a	-US$15m
Dec 31 2019	US$4m	US$352k	-US$18m
Sep 28 2019	n/a	n/a	-US$24m
Jun 29 2019	n/a	n/a	-US$20m
Mar 30 2019	n/a	n/a	-US$17m
Dec 31 2018	US$1m	US$336k	-US$19m
Sep 29 2018	n/a	n/a	-US$27m
Jun 30 2018	n/a	n/a	-US$45m
Mar 31 2018	n/a	n/a	-US$61m
Dec 31 2017	US$2m	US$320k	-US$83m

Compensation vs Market: Michael's total compensation ($USD7.16M) is above average for companies of similar size in the German market ($USD1.63M).

Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.

CEO

Michael Weening (54 yo)

3.3yrs

Tenure

US$7,155,795

Compensation

Mr. Michael Weening is the Chief Executive Officer of Calix, Inc., since October 2022 and has been its Director since May 11, 2023. He served as Chief Operating Officer of Calix, Inc. since August 2020 unt...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Weening	CEO, President & Director	3.3yrs	US$7.16m	0.024% $ 424.6k
Cory Sindelar	CFO & Chief Accounting Officer	6.6yrs	US$6.00m	0.12% $ 2.1m
Shane Eleniak	Chief Product Officer	6.3yrs	US$6.70m	0% $ 0
John Collins	Chief Commercial Operating Officer	1.3yrs	US$6.70m	0% $ 0
Jim Fanucchi	Vice President of Investor Relations	no data	no data	no data
Douglas McNitt	Executive VP	2yrs	no data	no data
Mark Dressler	Chief Revenue Officer	no data	no data	no data
Martha Galley	Chief Sustainability Officer	less than a year	no data	no data
Parul Kapoor	Chief Talent & Culture Officer	2.9yrs	no data	no data
Jerry Cederlund	Senior Vice President of Supply Chain Operations	2.9yrs	no data	no data
John Durocher	Chief Customer Officer	1.2yrs	no data	no data

2.9yrs

Average Tenure

54yo

Average Age

Experienced Management: CXA's management team is considered experienced (2.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Weening	CEO, President & Director	less than a year	US$7.16m	0.024% $ 424.6k
Donald Listwin	Lead Independent Director	17.3yrs	US$278.56k	1.23% $ 22.2m
Christopher Bowick	Independent Director	9.8yrs	US$253.35k	0.095% $ 1.7m
Carl Russo	Chairman of the Board	24.4yrs	US$294.42k	9.14% $ 164.4m
Kira Makagon	Independent Director	6.8yrs	US$242.46k	0.052% $ 941.2k
Kathleen Crusco	Independent Director	6.7yrs	US$268.35k	0.083% $ 1.5m
Kevin Peters	Independent Director	9.6yrs	US$248.23k	0.19% $ 3.5m
Rajatish Mukherjee	Independent Director	1.8yrs	US$237.25k	0% $ 0
Eleanor Fields	Independent Director	1.3yrs	US$291.29k	0% $ 0

6.8yrs

Average Tenure

59yo

Average Age

Experienced Board: CXA's board of directors are considered experienced (6.8 years average tenure).

Calix Management

Management criteria checks 3/4

Key information

Recent management updates

Calix, Inc., Annual General Meeting, May 09, 2024

Lead Independent Director recently sold €3.9m worth of stock

Calix, Inc. Appoints Michael Weening as A Class I Director

Insufficient new directors

Calix, Inc. Announces Board Changes

Independent Director recently sold €1.3m worth of stock

Recent updates

First quarter 2024 earnings released: EPS: US$0.002 (vs US$0.14 in 1Q 2023)

Calix, Inc. to Report Q1, 2024 Results on Apr 22, 2024

Calix, Inc., Annual General Meeting, May 09, 2024

Full year 2023 earnings released: EPS: US$0.44 (vs US$0.63 in FY 2022)

Calix, Inc. Announces Enhancements to the Calix Broadband Platform

Calix, Inc. Releases Significant Updates to Calix SmartBiz That Further Accelerate Growth for Its Customers

Investor sentiment deteriorates as stock falls 19%

New minor risk - Share price stability

Now 32% undervalued

Full year 2023 earnings released: EPS: US$0.48 (vs US$0.63 in FY 2022)

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Customer Support Teams Can Now Access Relevant Operational Insights in Calix Cloud with One Click to Drive Faster Issue Resolution

Investor sentiment deteriorates as stock falls 24%

New minor risk - Share price stability

Now 31% undervalued after recent price drop

Third quarter 2023 earnings released: EPS: US$0.26 (vs US$0.21 in 3Q 2022)

Calix, Inc. Provides Earnings Guidance for the Fourth Quarter of 2023

Calix Support Cloud Becomes Service Cloud, Enabling Customers to Make A Monumental Shift to Multi-Channel Support for Subscribers

Calix, Inc. Announces Next Innovations to its Broadband Platform So Customers Can Rapidly Scale to the Business Market

Calix, Inc. to Report Q3, 2023 Results on Oct 23, 2023

Calix, Inc. Launches SmartBiz in the UK, Equipping Altnet with Industry-First Solution to Address the Needs of 5.5 Million Small and Medium Enterprises

Calix, Inc. Announces Expanded Security Measures in CalixSmartBiz

Lead Independent Director recently sold €3.9m worth of stock

Calix, Inc. Provides Earnings Guidance for the Third Quarter of 2023

Second quarter 2023 earnings released: EPS: US$0.14 (vs US$0.12 in 2Q 2022)

Calix, Inc. to Report Q2, 2023 Results on Jul 19, 2023

Calix, Inc.(NYSE:CALX) dropped from Russell Small Cap Comp Value Index

Calix, Inc. Announces New Capabilities for Calix Operations Cloud

Calix, Inc. Appoints Michael Weening as A Class I Director

Calix, Inc. Announces Additional Enablement and Enhancements for SmartTown and SmartBiz

First quarter 2023 earnings released: EPS: US$0.15 (vs US$0.13 in 1Q 2022)

Calix Extends Support Cloud to Enable World-Class Customer Support for Small Business Subscribers That Generates Market-Leading Subscriber Satisfaction and Net Promoter Scores

Calix, Inc. Provides Earnings Guidance for the First Quarter of 2023

Full year 2022 earnings released: EPS: US$0.63 (vs US$3.77 in FY 2021)

Calix, Inc. to Report Q4, 2022 Results on Jan 25, 2023

Calix, Inc. Announces Expanded Capabilities of the Calix Intelligent Access EDGE Platform with the Launch of New Calix E3-2 Modules

Calix, Inc. Announces Breakthrough New Systems for Calix Platforms Expand New Service Provider Use Cases for the Calix Revenue Edge, Including Small Business and Multi-Dwelling Units

Insufficient new directors

Calix, Inc. Announces Board Changes

Calix, Inc. Launches New Capabilities in Calix Operations Cloud

Independent Director recently sold €1.3m worth of stock

Third quarter 2022 earnings released: EPS: US$0.21 (vs US$2.79 in 3Q 2021)

Enhanced Automation and Ai-Powered Chatbot Added to Calix Support Cloud, Enabling Even the Smallest Service Providers to Offer Proactive Support and Differentiated Managed Services

Calix, Inc. the Third Phase of Calix Evolution Focused on Rapid Expansion of the Platform Ecosystem and Managed Services

Calix, Inc. Promotes Michael Weening to Chief Executive Officer

Calix, Inc. Launches Revenue EDGE Platform in U.K. to Enable Altnets of All Sizes to Deliver Exceptional Experiences

Raj Mukherjee Joins Calix, Inc.'s Board of Directors

Calix, Inc. Launches the GigaPro™ u6he Hardened Outdoor Wi-Fi 6E System

Calix Offer Portfolio of Managed Wi-Fi 6E Systems, Enabling BSPs to Deliver Complete Coverage to Homes, Businesses, and Communities

Calix, Inc. Launches its 6th Revenue Edge Managed Service, Social Media Monitoring from Online Safety Leader, Bark, Enabling Broadband Providers to Help Protect Families from Cyberbullying

Independent Director recently sold €1.7m worth of stock

Calix, Inc. (NYSE:CALX) announces an Equity Buyback for $100 million worth of its shares.

Second quarter 2022 earnings released: EPS: US$0.12 (vs US$0.33 in 2Q 2021)

Calix, Inc. Provides Earnings Guidance for the Third Quarter of 2022

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Calix, Inc. to Report Q2, 2022 Results on Jul 25, 2022

Calix, Inc. Launches Updates to the Intelligent Access EDGE Platform

Calix Launches New Software and Systems Capabilities for the Industry’s Only End-to-End Solutions That Enable Broadband Service Providers to Deploy and Manage 10G Services Across the Entire Subscriber-Facing Network and Reduce Costs by 50%

Lead Independent Director recently sold €1.9m worth of stock

Investor sentiment deteriorated over the past week

Independent Director recently sold €475k worth of stock

Calix, Inc. Appoints Doug Mcnitt as Executive Vice President and General Counsel

Insufficient new directors

Calix, Inc. to Report Q1, 2022 Results on Apr 25, 2022

Calix, Inc., Annual General Meeting, May 12, 2022

Calix Announces Board Resignations

Investor sentiment deteriorated over the past week